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Torrance Real Estate Recap – August By the Numbers

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Here’s a brief overview of the real estate market that was for Torrance last month.  August 2021  was another blazing hot month for home sales in the South Bay’s biggest city.  There were 123 homes in Torrance that closed escrow during the month. The median sales price of $900,000 and most homes sold WAY above the asking price. Homes averaged a very brief 13 days on market before going into escrow and the average price per foot was $641.

See how this compares with other months on our Torrance real estate trends and statisics page.

View the current homes for sale in Torrance California

Cape Cod Charmer at 22505 Kathryn in South Torrance

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The featured home of the week is a beautiful and spacious 3 bed, 3 bath home in south Torrance at 22505 Kathryn.  The home was built in 1953 but a down to the studs remodel and expansion was done in 2014.  The home offers just under 3,000 square feet and sits on a 5,456 square foot lot.    The home is priced at $1,649,000.

Contact us for more information on this home

Search the current homes for sale in the Seaside Ranchos and South Torrance neighborhoods

22505 Kathryn Torrance 90505- Listed At $1,649,000


Listing courtesy of Robert Ross – 3 Leaf Realty Inc – 310-546-6300

Top Torrance Home Sale of August – 5109 Bindewald

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The big sale of the month in Torrance was a very large single family home in South Torrance in the Seaside (Christmas Lights)

neighborhood.  The home was built in 1998 and offered almost 3,000 square feet with 4 bedrooms and 3 baths.  The lot was over 8,000 square feet although much was on a hillside.  The home was listed at $1,848,000 and sold for an impressive $2,130,000 after only a few days on the market.

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Search the current homes for sale in the Seaside Ranchos and South Torrance neighborhoods

5109 Bindewald Torrance 90505- Sold At $2,130,000


Listing courtesy of Jenna Christensen & Rebecca Davidson – Engel & Volkers LA-South Bay – 310-543-9999

Torrance Real Estate at a Glance – July 2021 Stats

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Welcome to the real estate recap for July in the South Bay city of Torrance. July 2021 was a tremendous month for the real estate market in Torrance CA.  There were an amazing 137 homes, townhomes and condos that sold compared with 106 in July of 2020.  The median sales price was $830,000 with a median price per foot of $603.   The average days on market before going into escrow was only 11….and that says a lot about just how high demand has been.

View the current homes for sale in Torrance CA.

Torrance Real Estate Recap – May 2021 Overview

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What a month it was for real estate in Torrance CA with 117 homes, townhomes and condos closing escrow compared to only 48 in May of 2020.  Another 116 went into escrow during the month and these are huge numbers.  The only problem is that inventory isn’t keeping up and new active listings was way down with only 68 active listings.  The median sold price was an impressive $899,000 and sold homes averaged only 17 days on market before going into escrow.  See how it compares with other months on our Torrance real estate trends and statistice page.  Click here to view the homes that sold during the month.

Search the active homes for sale in Torrance CA

Top Sale of the Month – 505 Paseo De La Playa

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Although it took a while the oceanfront home in the Hollywood Riviera at 505 Paseo De La Playa closed escrow during May and ended up selling for $5,175,000.

With a home like this you’re definitely paying for location as it’s a fairly original home but the location just can’t be beat.  The last sale of something fairly similar was 529 Paseo De La Playa which was a 4 bed, 3 bath single family home with a bit under 3200 feet that sold at $5,650,000.

505 Paseo De La Playa offers the same specs with 4 bedrooms, 3 baths, and the same 3,179 square feet.  The lot on 505 is a bit larger and extends all the way to the beach, but the home at 529 had done significant work to the bluff at a pretty significan expense.

Contact us for more information on this oceanfront home

As rare as these oceanfront home sales are, this is definitely not the only oceanfront home. Check out all of the oceanfront homes currently for sale on Paseo De La Playa in the Hollywood Riviera.

505 Paseo De La Playa – Sold At $5,175,000


Listing courtesy of Dan Mullin – RE/MAX Estate Properties

Torrance Real Estate